Bitcoin, the primary cryptocurrency, has been struggling to regain stability after the recent market decline. Despite soaring to an impressive price of $44,700 over the weekend, the bears quickly seized control, causing the asset to plummet below $41,000. Since then, Bitcoin has been hovering around this line, unable to break free from the volatile state
The crypto market has entered a phase of cautious trading and consolidation following recent bouts of volatility. Both Bitcoin and Ethereum, the two largest cryptocurrencies, are experiencing minor price fluctuations as they recover from major corrections. Currently, Bitcoin is trading around $41,960, with a 0.17% decline over the past 24 hours. On the other hand,
The Chairman of the Commodities Futures Trading Commission (CFTC), Rostin Behnam, has expressed his belief that most cryptocurrencies should be classified as commodities under existing laws. However, he emphasizes the need for updated regulatory frameworks to account for the technological advances brought about by these digital assets. In an interview with CNBC, Behnam stressed that
Cryptocurrency enthusiasts and traders are always on the lookout for promising altcoins that have the potential for significant price appreciation. LFNTY Coin is one such altcoin that has captured the attention of the crypto community with its impressive price gains. In the past 24 hours, LFNTY Coin has surged by a staggering 20,000%, reaching a
Bitcoin’s price took another dive, testing the crucial $40,000 support zone. Although there is a current upward movement, the cryptocurrency needs to surpass the $42,350 resistance level to establish a positive trend. Currently, Bitcoin is trading below the 100 hourly Simple Moving Average, struggling to regain its momentum. After plummeting below support levels at $43,500
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified. This vulnerability has the potential to impact the Ordinals Protocol that was developed in 2022. The NVD, which is overseen by the National Institute of Standards and Technology (NIST), plays a vital role in cataloging and
As the countdown to Bitcoin’s next halving continues, investors eagerly anticipate the possibility of another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, brings a fresh perspective to the table, challenging the conventional belief that Bitcoin and the halving are subject to diminishing returns. In fact, Askew predicts not only more gains in
Enjin, a leading blockchain platform for NFTs, has achieved a major feat by transferring over 200 million non-fungible tokens (NFTs) from Ethereum and its sidechain JumpNet to its proprietary Enjin Blockchain. This migration includes a staggering volume of more than 118 million Ethereum-hosted NFTs and over 101 million JumpNet-hosted NFTs. The move comes after Enjin’s
In a recent analysis by ETC Group’s Head of Research, Andre Dragosh, the current state of the crypto market was examined in great detail. The findings revealed that crypto assets have demonstrated their resilience by outperforming traditional assets such as equities. This outperformance was driven by a significant repricing in monetary policy expectations and short
In recent years, the Korean crypto industry has been plagued by devastating scandals, eroding investor confidence and creating a sense of urgency for regulatory intervention. On Dec. 11, the Korean Financial Services Commission (FSC) unveiled a comprehensive set of regulations under the Act on the Protection of Virtual Asset Users, signaling a new era of
